Downloads

New Auditor’s Report Format as Per SA700 Revised

The New Auditor’s Report Format as Given is SA700 Forming an Opinion and Reporting on Financial Statements has been given for preview and Download. You can Download the File at the End of the article. Sample Preview Independent Auditor’s Report To the Members of ABC Company Limited. We have audited the accompanying financial statements of…

Accounting Standard 1 – Disclosure of Accounting Policies [PPT]

A PPT on Accounting Standard 1, Disclosure of Accounting Policies with summary Below. You can download the PPT at the end of the article. Summary of the PPT The Standard deals with disclosure of significant accounting policies followed in preparing financial statements. As the financial statements are influenced by accounting policies and as the latter…

House Rent Allowance (HRA) Exemption – How to Calculate

HRA is a special allowance specifically granted to an employee by his employer towards payment of rent for residence of the employee. HRA gets special treatment in income tax laws, and is exempt from income tax to a certain extent.  This is an allowance paid to the employee to defray the housing rent expense. Since…

Income Tax on Gratuity payment

Let us discuss the Income Tax on Gratuity Payment in India, the rules, exemption and deduction thereof. Gratuity is a amount which is paid by an employer to his employee for his past services when the employment is terminated. When the employment comes to an end due to the retirement or superannuation of the workers,…

22

Tax on Agricultural Income in India | Calculation

Agricultural Income is not Taxable in India. However, a method has been laid down to levy tax on agricultural income in an indirect way. This concept is known as partial integration of taxes. It is applicable to individuals, HUF, unregistered firms, AOP, BOI and artificial persons. Two conditions which need to satisfied for partial integration…

Deed of Partnership Format in Word | Download

The Deed of Partnership must be executed on a stamp paper of prescribed value. The copy of the deed must be sent to the Registrar of Partnership Firms along with the prescribed form duly completed for issue of ACKNOWLEDGEMENT of firm. All subsequent changes must be notified to the Registrar. General Deed of Partnership  Download…